International Business



International Business

Reflection of the Article

The article is about how the countries that took debts in dollars faced issues in paying back these debts, due to a sudden rise in the dollar prices. Countries like Brazil and other Asian countries were the ones to suffer from this fluctuation in dollar prices. The article discusses the case of Brazil. It talks about the second largest airlines of Brazil. It states that almost 60% of the company's costs for operations were in dollars, whereas the revenues that the airlines made were in reais. The costs were increasing, and they still are. ...